In a welcome move, CONSOL Energy saw its Relative Strength Rating rise from 67 to 71 on Tuesday.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if CONSOL Energy can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
CONSOL Energy is still within a buying range after clearing a 107.94 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
The company posted negative growth for both sales and earnings last quarter. CONSOL Energy is expected to report its next quarterly numbers on or around Nov. 5.
The company holds the No. 4 rank among its peers in the Energy-Coal industry group. Natural Resource Ptrs is the No. 1-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
